London real estate: most properties now cost over £500k

London is the most expansive capital in the European Union behind Paris

Regarding prices, Paris and London are the two capitals the most expansive of the European Union. In 2013, the average price per square meter in Paris was more than 8,100 euros, while in London, it reached 10,000 euros, according to a study of Deloitte.

However in 2014, the prices in Paris declined slightly, while in London, they increased by 18 %. As a result, since 2007, real estate prices grew of 26 % in Paris and 36 % in London.

According to Property Reporter, in London, the majority (51%) of properties worth over half a million pounds. A phenomenon called the ‘half a million zone’ refers to the 142 postcode districts in Greater London (over 279) where the local property prices reach at least £500,000 on average.

Unless having very comfortable income, it is now nearly impossible to live alone in the English capital. Few small surfaces are proposed for rental, too expansive for tenants and not rather profitable for owners. As a result, flat-share is developing very fast and London is the European capital where this phenomenon is the most widespread.

Because of these extremely high prices, Brits cannot buy London properties anymore but they found a solution: investing in French properties! Indeed, French real estate market is must cheaper and you can buy wonderful houses for half a million pounds.

What can you get for £500k in France?

Top 10 of French properties costing around £500,000:

Charming property with house, gites, lake and pools (near Bergerac)

Price:

£498,771*

Stone house near Bergerac in 24-Dordogne

Area: Aquitaine, 24-Dordogne
Land size 20400.00 sqm
Bedrooms 9

CHARMING PROPERTY with a MAIN HOUSE, 2 GITES, 3 STABLES, a LAKE and 2 SWIMMING POOLS more details
Aquitaine

Unique property with stables, barns and pond (near Gueret)

Price:

£495,528*

Stone house near Ahun in 23-Creuse

Area: Limousin, 23-Creuse
Land size 551426.00 sqm
Bedrooms 5

UNIQUE PROPERTY set in a LARGE LAND with STABLES, BARNS, a WORKSHOP, a GARAGE and a POND more details
Limousin

Fully furnished appartment with balcony (in Meribel)

Price:

£505,180*

Apartment near Meribel in 73-Savoie

Area: Rhone-Alpes, 73-Savoie
Land size 0.00 sqm
Bedrooms 2

FULLY FURNISHED APPARTMENT with a BALCONY, PARKING, BASEMENT and SKI LOCKER more details
Rhone Alpes

Rare, Chartreuse in a splendid location, The land of about 29 ac (12 hectares).

Price:

£490,100*

 near RIBERAC in 24-Dordogne

Area: Aquitaine, 24-Dordogne
Land size 120000.00 sqm
Bedrooms 7

Rare, Chartreuse in a splendid location, The land of about 29 ac (12 hectares). more details

This BEAUTIFUL VILLA is set on 450SQM LAND and comes with a SWIMMING POOL (in La Gaude)

Price:

£497,640*

 near LA GAUDE in 06-Alpes-Maritimes

Area: Provence-Alpes-Cote-d-Azur, 06-Alpes-Maritimes
Land size 450.00 sqm
Bedrooms –

This BEAUTIFUL VILLA is set on 450SQM LAND and comes with a SWIMMING POOL (in La Gaude) more details

Large village property – home cinema – near Cergy

Price:

£503,672*

 near CHAUMONT EN VEXIN in 60-Oise

Area: Picardie, 60-Oise
Land size 13000.00 sqm
Bedrooms 4

Large village property – home cinema – near Cergy more details

Renovation project for 5 stone houses and 6 building land (in Condom)

Price:

£493,870*

Stone house near Condom in 32-Gers

Area: Midi-Pyrenees, 32-Gers
Land size 80000.00 sqm
Bedrooms 4

The property comprises a main house, a second house, 2 barns (80 and 55 m2), a shed (160 m2) and several dependencies (150 m2). more details
Midi-Pyrenees

BENERVILLE-DEAUVILLE, Luxury apartment with west-facing, magnificent sea view

Price:

£500,580*

Apartment near BENERVILLE SUR MER in 14-Calvados

Area: Normandy-Lower, 14-Calvados
Land size 0.00 sqm
Bedrooms 3

BENERVILLE-DEAUVILLE, Luxury apartment with west-facing, magnificent sea view more details

Elegant house set on 0.65 acre garden with outbuildings near Gisors

Price:

£501,410*

 near CHAUMONT EN VEXIN in 60-Oise

Area: Picardie, 60-Oise
Land size 2650.00 sqm
Bedrooms 5

Elegant house set on 0.65 acre garden with outbuildings near Gisors more details

19th c character house on 0.71 acre garden with a sauna (near Saint Valery sur Somme)

Price:

£490,100*

Stone house near Saint Valery sur Somme in 80-Somme

Area: Picardie, 80-Somme
Land size 2880.00 sqm
Bedrooms 8

This ELEGANT and RENOVATED CHARACTER HOUSE is set in a 2880sqm GARDEN and comes with a SAUNA and a LIBRARY. more details
Somme

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This entry was posted on Thursday, February 4th, 2016 at 5:02 pm and is filed under French Property, Holiday Home . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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